Archive · 5 Dec 2025
D’Souza Back in Healthcare Software with HealthEdge
Francisco D’Souza, who used to be the boss at Cognizant, is now working with a company called HealthEdge.
This company makes software for healthcare.
A big investment company called Bain Capital bought HealthEdge.
D’Souza’s new company, Recognize, is helping HealthEdge grow.
Before, D’Souza’s old company, Cognizant, had a similar software called TriZetto.
There was a fight between TriZetto and HealthEdge, but now D’Souza is helping HealthEdge.
Bain also bought another company, UST HealthProof, to make HealthEdge even better.
This is all about making healthcare software more modern and easier to use.
Francisco D’Souza, former Cognizant CEO, is now managing HealthEdge's growth through his firm Recognize.
Bain Capital acquired HealthEdge for over $2 billion and also acquired UST HealthProof in 2025 to expand its platform.
D’Souza previously helped Cognizant acquire TriZetto, a competitor to HealthEdge, for $2.7 billion in 2014.
HealthEdge and TriZetto had a legal dispute in 2015, which was settled in 2017.
Recognize, founded by D’Souza, invests in tech companies and is helping HealthEdge improve its products and services.
- Who
- Francisco D’Souza, former Cognizant CEO, now involved with HealthEdge through Recognize
- What
- D’Souza is managing HealthEdge's growth after Bain Capital's acquisition
- When
- Bain Capital acquired HealthEdge in April 2024, with UST HealthProof acquired in September 2025
- Where
- HealthEdge is based in Massachusetts, while Recognize is based in New York
- Why
- To modernize healthcare software and compete with legacy systems
- Francisco D’Souza
- Former Cognizant CEO, now involved with HealthEdge through Recognize
- HealthEdge
- Healthcare software firm acquired by Bain Capital
- Bain Capital
- Acquired HealthEdge for over $2 billion
- Recognize
- Venture capital firm founded by D’Souza, managing HealthEdge's growth
- TriZetto
- Healthcare software firm acquired by Cognizant for $2.7 billion in 2014
- UST HealthProof
- Acquired by Bain in 2025, integrated with HealthEdge
- Healthcare Software Market
- Worth $72 billion, with growing demand for modernization